Industrial Output Up, Consumer Prices Flat
from The Washington Times
U.S. industrial production increased in July for the first time since October as automakers returned from their midyear retooling shut-downs and increased output to meet the demand fueled by the "cash for clunkers" program. Output from the nation's factories, mines and utilities increased 0.5 percent in July, the Federal Reserve reported.
Report: Porsche, VW Might Merge Before 2011
German carmakers Porsche and Volkswagen might merge in 2010 already instead of 2011 as currently planned, German newspaper Die Welt reported, citing VW's finance chief. In a "very optimistic scenario" and if the economy and financial markets offer particularly favorable conditions, both companies might be able to accelerate the merger, VW Finance Chief Hans Dieter Poetsch told the paper.
Protesting China Steelmakers Block Privatization Plans
from The Wall Street Journal
For the second time in a month, protesting steelmakers in China have forced the government to abandon privatization plans, a sign increasing worker activism. Officials in Henan province called off the takeover of the state-owned Linzhou Iron and Steel Co. Ltd on Sunday after some 3,000 workers protested since Tuesday had briefly blocked a government mediator from leaving, according to the official Xinhua news agency.
School is In for Turbine Trainees
from Seattle PI
Vancouver, Washington’s Northwest Renewable Energy Institute has taken off, propelled by federal stimulus money. About a month after its first class started, the school has hired eight new instructors and enrolled more than 70 students in its six-month training program for wind turbine technicians.
New Company to Get Eclipse Aviation Assets
from New Mexico Business Weekly
Eclipse Aviation Corp., which filed for Chapter 7 bankruptcy last March, is about to be resurrected under the new name Eclipse Aerospace. The new company, headed by Mason Holland Jr., chairman of insurance benefits software company Benefitfocus of Charleston, S.C., was the sole bidder on Eclipse's assets when the deadline for bids came due at noon on Friday, Aug. 4.
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Ford Further Increases North American Vehicle Production
from Reliable Plant Magazine
Ford Motor Company on August 13 announced it is increasing North American production in the third and fourth quarters to respond to growing demand for new Ford products and to ensure dealers are well stocked with fuel-efficient vehicles eligible for the “Cash for Clunkers” program.
Chrysler Mulls Fiat 500 Production in Mexico as U.S. Auto Market Looks Uncertain
Troubled US automaker, the Chrysler Group, which recently aligned with Italy's Fiat SpA, is planning to produce the Fiat 500 subcompact in Mexico. The Wall Street Journal reported that the company is also in the process of identifying which Fiat models to introduce into the US market under direction of its Italian partner, according to the report on its website.
Wind Network's Velocity of Activity Winds Up
from Crain's Cleveland Business
If the nation is as hungry for wind- generated power as Midwest manufacturers apparently are to help make wind turbines, get ready for a lot of electricity to come out of thin air. One need look no further than Cleveland to see how desperate manufacturers are to find a growth industry such as wind, which many hope will provide years or even decades of double-digit growth to heavy manufacturing.